COMEX gold retreats on news of booming U.S. Q3

Newswire

NEW YORK, Oct 30 (Reuters) - COMEX gold retreated Thursday, prevented from setting a new high as stunning news that the U.S. economy tasted boom times again last quarter shored up the dollar and lured investors out of safe-havens. The Commerce Department report that gross domestic product surged an annualized 7.2 percent in the third quarter, its fastest pace in 19 years, was badly timed for gold bulls, who thrive on worries about the economy and had chased gold futures up $12 since ...

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